Martin Marietta Materials (MLM) Revenue — Quarter Ended Jun 30, 2024
Revenue increased significantly compared to the prior quarter and rose moderately from the same period last year. The sequential growth was driven in part by acquisition activity, while the year-over-year gain reflects ongoing business expansion.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased significantly compared to the prior quarter and rose moderately from the same period last year. The sequential growth was driven in part by acquisition activity, while the year-over-year gain reflects ongoing business expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
+85.5%
Change from the immediately preceding quarter.
Year-over-year
+7.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $2B | +10.1% |
| Dec 31, 2023 | $682M | -53.8% |
| Mar 31, 2024 | $1.1B | -22.0% |
| Jun 30, 2024 | $2B | +7.6% |
Revenue performance
Revenue for the quarter was higher both sequentially and year over year, indicating strong underlying demand and the impact of strategic transactions.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose substantially, and compared to the same quarter one year earlier, it increased modestly. The company executed a major acquisition and a divestiture during the period, which affected the comparison.
What to watch
Monitor how the recently acquired aggregates operations contribute to future revenue growth and whether the divestiture impact stabilizes.